Solana Nears $100 Billion Market Cap

user avatar

by Giorgi Kostiuk

2 years ago

Solana, known as the 'Ethereum killer,' is steadily moving towards joining the prestigious $100 billion market capitalization club.

Current Success of Solana

As of now, Solana's market capitalization stands at $96.8 billion, with the token experiencing a 1.3% increase over the past 24 hours.

Meme Coin Frenzy and Institutional Recognition

Earlier this year, Solana was at the center of a meme coin frenzy. Pump.fun, a Solana-based meme coin factory, logged $1.9 billion in volume over the past two weeks. The platform has issued over 3.1 million tokens, and total fees have surpassed 1.1 million SOL. In the U.S., Solana is gaining popularity among institutional investors, with several proposals for Solana-based ETFs, including one by VanEck.

The $100 Billion Club

Currently, only Bitcoin, Ethereum, and Tether have market capitalizations above $100 billion. Solana is likely to join this list soon. BNB and XRP were once part of this club but are currently valued below the required threshold.

"Ethereum killer" Solana is on track to join the prestigious "$100 billion club," according to Bitwise CEO Hunter Horsley.Hunter Horsley

With its ambitious plans and consistent growth, Solana could soon become part of the $100 billion club, solidifying its position among leading cryptocurrencies.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Trezor Implements New Security Measures After Data Breach

chest

Trezor is enhancing security measures, including anonymous delivery options, in response to a data breach affecting 67,000 customers.

user avatarFilippo Romano

Data Breach Affects 67,000 Trezor Customers

chest

A data breach at shipping provider ShipMonk has exposed personal information of 67,000 Trezor customers in the US.

user avatarEmily Carter

BAI Establishes Global Settlement Layer for AI Agents to Enhance Collaboration

chest

BAI is building a global settlement layer to enhance collaboration and efficiency among AI agents across various workflows.

user avatarTomas Novak

BAI Launches Free Access to Premium AI Models, Surpassing 133 Trillion Daily Tokens

chest

BAI has launched free access to its premium AI models, leading to a significant increase in platform activity and user adoption.

user avatarKaterina Papadopoulou

Axis Robotics Unveils Axis Sim Dataset V1 for Enhanced Robotic Manipulation

chest

Axis Robotics has released Axis Sim Dataset V1, one of the largest open-source simulation datasets for Franka arm manipulation, featuring over 50,000 human-teleoperated simulation trajectories.

user avatarMaya Lundqvist

ENS Proposes Migration to Layer 2 Registry Model

chest

Ethereum Name Service (ENS) has initiated discussions on a proposal to migrate domain registration and renewal to a Layer 2 registry model to reduce costs.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.